Section 140.01 - Description of Tax and AssessmentPursuant to M.G.L. c. 23K, § 55, the following taxes and assessment shall be calculated and remitted to the commission on a daily basis:
(1) A category 1 licensee shall pay a daily tax of 25% on gross gaming revenue computed in accordance with 205 CMR 140.02.(2) A category 2 licensee shall pay: (a) A daily tax of 40% on gross gaming revenue computed in accordance with 205 CMR 140.02; and(b) A daily assessment of 9% of its gross gaming revenue computed in accordance with 205 CMR 140.02 which shall be credited by the commission to the Race Horse Development Fund.Adopted by Mass Register Issue 1287, eff. 5/22/2015.Amended by Mass Register Issue 1361, eff. 3/23/2018.Amended by Mass Register Issue 1367, eff. 6/15/2018.